PDP Shipping IPO listing: Shares of PDP Shipping & Projects, a logistics solutions provider, debuted with a negative listing on the BSE SME on March 18, 2025, after its initial public offering (IPO), opening at Rs 108.25 per share—a discount of Rs 26.75, or 19.81 percent, below the issue price of Rs 135 per share.
| Listing Date | 18 March 2025 |
| Issue Price | ₹135 Per Share |
| Listing Price | ₹108.25 |
| Listing Loss | 19.81% |
PDP Shipping IPO details
PDP Shipping & Projects Limited, a logistics and transport services provider, launched its Initial Public Offering (IPO) on March 10, 2025, and closed it on March 12, 2025. The IPO was a fixed-price issue aimed at raising Rs 12.65 crore through a fresh issue of 9.37 lakh equity shares with a face value of Rs 10 each, priced at Rs 135 per share.
The minimum application lot size was 1,000 shares, requiring a minimum investment of Rs 1,35,000 for retail investors. The issue was allocated 50% to retail individual investors (RII) and 50% to non-institutional investors (NII), with 47,000 shares reserved for the market maker. The net proceeds were intended primarily for long-term working capital requirements (Rs 10 crore) and general corporate purposes.
The IPO was managed by Sun Capital Advisory Services as the lead manager, with Kfin Technologies Limited as the registrar and Rikav Securities Limited as the market maker.
PDP Shipping IPO Overall Subscription
The PDP Shipping IPO was subscribed over 1.01 times. The RII (Retail Individual Investors) portion of the company’s IPO subscription was subscribed 1.88 times, and the NII (Non-Institutional Investors) portion was subscribed 0.14 times.
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| RII | 0.46 | 0.88 | 1.88 |
| NII | 0.03 | 0.06 | 0.14 |
| Total | 0.24x | 0.47x | 1.01x |
Company Financial Report
PDP Shipping & Projects Limited company reported revenue of ₹20.58 crores in 2024 against ₹22.6 crore in 2023. The company reported profit of ₹2.31 crores in 2024 against Profit of ₹1.68 crores in 2023.
About PDP Shipping Company
PDP Shipping & Projects is a leading Multi-Modal Transport Operator (MTO) providing end-to-end logistics solutions. Specializing in sea and air freight, customs clearance, and project logistics, the company expertly handles heavy-lift and over-dimensional cargo (ODC). Its services include RoRo load-outs, sea towing, and engineering solutions for project transport. With expertise in time-sensitive and temperature-controlled shipments, PDP Shipping & Projects ensures seamless global transportation.
The company also offers integrated logistics, exhibition logistics, and door-to-door services. As of 27 January 2025, its team of 18 professionals manages operations, administration, legal, and accounting functions efficiently.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors are requested to verify facts themselves and seek advice from a financial advisor before making any investment decision.
